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Monday, July 25, 2011

7/25/2011 - GOLD FUTURES

THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Monday, July 25, 2011


Today's Price Action


Change   with weak Bids going into the close.  9.0000 (0.56%) prices closed higher than they opened. 


A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     38.97
Swing Vix:     39.66


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    3 period(s) ago. However, the Swing Vix just crossed below 39 from a topping formation.  This is a bearish sign.  
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Bought Sell  0 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
      
  *Since the last Swing Vix signal, GOLD FUTURES's price has increased 0.85% , and has ranged from a high of 1,624.30 to a low of 1,581.10.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,389.95
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,398.81
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,530.31 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 1,586.53 


INTRADAY PRICE PROJECTIONS
RESISTANCE 1,625.33
SUPPORT 1,602.78


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70
PulseWave BreakOut SUPPORT - 1,581.10


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,093.00
Long term Trend Line resistance is currently at - 1,624.30
Long term Trend Line support is currently at - 1,389.95


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,499.10
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,030.40
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,561.70


VOLATILITY
On 7/25/2011, GOLD FUTURES closed   
below the upper band by 16.6%.
   

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